Carriera Regan

Featured Listings

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GOLF

Pasadena_Yacht_and_country_club

Pasadena Yacht and Country Club
Gulfport, FL
$9,500,000

Listing Agents: Steven Ekovich, Matthew Putnam, Christopher Karamitsos

  • Private 18-Hole Championship Golf
  • 82-Slip Marina with 25 Dockominimum Slips for Sale
  • Additional 20-Slip Marina with 0.78 Acres of Upland
  • Current Membership Totals Over 600 and Generates Approximately $1.75 Million of Annual Dues Revenue
  • Located within an Affluent Gated Community of 720 Homes Valued from $500K – $7M
  • Development Opportunity for Boutique Condo-Hotel or Townhomes
  • T-12 Gross Revenue of more than $3.9 Million and NOI/EBITDA of More than $830K

The Pasadena Yacht and Country Club is a private, invitation-only, golf and yacht club located in the Tampa/St. Petersburg MSA. The club is the focal point of a gated country club and marina community which consists of water-front homes that range in price from $500,000 to $7,000,000. Built in 1924, and designed by Wayne Stiles, the championship golf course has a storied past and has served as host venue for the St. Petersburg Open in the 1950’s and 1960’s.

MULTIFAMILY

Terrace Square Apartments

Terrace Square Apartments
Tampa, FL
$1,200,000

Agents: Casey Babb, CCIM, Luis Baez

  • Turn-Key, Fully Stabilized Asset with Significant Capital Improvements Completed by Current Ownership
  • Double-Digit Cash-on-Cash Return on Current Income with Upside Potential
  • Return of Equity Within Five Years
  • 100 Percent Two-Bedroom/One-Bath Units or Larger
  • Single-Story Concrete Block Construction with Low Maintenance and Overhead
  • Infill Tampa Location Surrounded by Numerous Demand Drivers
  • In Close Proximity to Major Employment Centers, Higher Education Institutions, Shopping Malls, and Other Destination Centers

Terrace Square Apartments is a 25-unit, garden community located in Tampa, Florida between the University of South Florida and Temple Terrace, a thriving incorporated city just outside of Tampa with the vision to be “…an amazing place to live, work, play and learn.” Terrace Square presents investors with the opportunity to acquire a well-located, turn-key, fully stabilized asset with value-add potential through increasing rents. Terrace Square is located in northeast Tampa just west of Interstate 75 and only minutes from Interstate 4, allowing ease of access to other parts of the region and specifically other major employment and destination centers.

Prospect Towers Apartments

Prospect Towers Apartments
Clearwater, FL
Request For Offer

Agents: Francesco Carriera, Michael Regan

  • Iconic, 17-Story, High-Rise Tower Located in the Heart of Clearwater, Florida
  • 208-Units and 95,888 Rentable Square Feet
  • Constructed of Concrete Frame in 1971
  • Exceptional Value-Add Opportunity with Well-Below Market Rents
  • Currently Operated as an Affordable, Age-Restricted Community with Potential to Lease at Market Rate as a Conventional Multifamily Property

Prospect Towers Apartments is a 208-unit, multifamily community located in the city of Clearwater, Florida which is in Pinellas County. Currently, the property is operated as an age-restricted community in which residents must exceed the age of 62 years, although this is non-binding and the property has the potential to lease as a market rate community. Furthermore, 23 units are restricted by a LURA which restricts 23-units (11 percent of property) to leasing to residents with no more than 80 percent of area median income (AMI). Of these 23 affordable units, at least five must be maintained at ‘Low’ HOME rents and up to 18 may be maintained at ‘High’ HOME rents. Due to the current owner’s prerogative, the remaining 185 non-restricted units are also held at affordable, below-market levels. Although, these units are permitted to rent freely at market rate as long at the 23 restricted units comply with the LURA. The Property consists of one, 17-story residential building as well as an additional one-story building that serves as the maintenance shop. The residential building is comprised of 96 efficiency units ranging from 384 to 411 rentable square feet and 112 one-bedroom/one-bathroom units with 530 rentable square feet.

Sheldon Palms

Sheldon Palms
Tampa, FL
Request For Offers

Agents: Michael Donaldson, Nicholas Meoli

  • Opportunity to Own in a Premier Tampa Bay Submarket – Occupancy and Average Rental Rates Well Above Metro Average
  • Spacious Units Averaging Nearly 1,000 Square Feet
  • Desirable Amenity Package – Including Controlled Access, Fitness Center, Tennis Court, Swimming Pool, Spa and Washer/Dryer In All Units
  • Opportunity to Increase Rents – Current Lease Rates $50-$100 Below Submarket Average
  • Ideal Unit Mix with 50 Percent Two and Three Bedroom Units

Sheldon Palms is a 312-unit, garden-style community, located within the Town and Country submarket of Tampa, which is within Hillsborough County, Florida. The property is positioned with frontage to State Road 589 (Sheldon Road) and less than one mile north of the Sheldon Road, West Hillsborough Avenue and Memorial Highway intersection. West Hillsborough Avenue is a major area east/west thoroughfare which provide access within minutes to Interstate-275, Interstate-4, Interstate-75 and the Tampa International Airport. Also in the immediate area is International Plaza, Tampa’s premier shopping mall featuring over 200 stores and major anchors like Nordstrom, Neiman Marcus & Dillard’s, and finally the Westshore Business District, Tampa’s leading business district with 12.75 million square feet of office space. More than 4,000 businesses and 100,000 employees call the area home.

Retail

34th Street Crossing

34th Street Crossing
Saint Petersburg, FL
$4,545,000

Agent: Moe Derbala

  • 51 Percent National Tenants
  • Anchored by ALDI and DaVita
  • Dense Market with a Five Mile Population of 202,000
  • Great Mix of National and Local Tenants
  • Excellent Frontage and Ingress/Egress
  • 57 Acre Outparcel is Available Separately

Marcus & Millichap is pleased to offer 34th Street Crossings. This 52,120-square foot shopping center residing on 4.32 acres is located on busy 34th Street South (Highway 19) with over 38,000 vehicles per day in Saint Petersburg, Florida (Tampa MSA).

The property is currently 97 percent occupied and offers an investor a stable asset with 51 percent of the center consisting of national tenants, such as ALDI, DaVita and Bank of America, in addition to a great mix of local tenants. The center is well-maintained and has had multiple capital improvements projects completed within the past few years. An outparcel to the subject property is offered separately and resides on 0.57 acres.

Self Storage

Out-Back Self Storage

Out-Back Self Storage
Dunnellon, FL
$1,595,000

Agents: Michael A. Mele, Luke Elliott, Brian Baldwin

  • Stabilized Asset Located in an Area with High Demand for Self Storage
  • High Occupancy Rates with Further Expansion Opportunity on Vacant Land
  • Meticulously Maintained Facility
  • Both Climate and Non-Climate Controlled Units
  • Fully Fenced and Gated Facility
  • 219 Units and 23,750 Net Rentable Square Feet

Out-Back Self Storage is a great opportunity for an investor to buy a high quality, stabilized self-storage facility with high occupancy rates. Constructed in 2006 and expanded in 2009, the facility is situated on approximately 3.32 acres and consists of 219 units, for a total of 23,750 net rentable square feet. There is vacant land on the property that could accommodate an expansion of approximately 10,000 to 15,000 square feet.

Hotel

Ramada Waterfront Sarasota

Ramada Waterfront Sarasota
Sarasota, FL
$5,900,000

Agents: Jonathan S. Ruprai, Dennis Hopper

  • 136-Room Interior and Exterior Corridor Full-Service Ramada
  • 1959 Construction | Renovated in 2011 – Possible Repositioning / Redevelopment Opportunity
  • Excellent Waterfront Location | Adjacent to a Large Marina
  • Approximately 8,000 Square Feet of Meeting and Banquet Space
  • Leased out Full-Service Restaurant / On-Site Waterfront Tiki Bar
  • Direct Boat Access to Sarasota Bay and the Gulf of Mexico
  • Within Close Proximity to Multiple Demand Generators

The Ramada Waterfront Sarasota is a 136-room, full-service, interior and exterior corridor hotel located on Sarasota Bay in Sarasota, Florida. The subject property was constructed in 1959, fully renovated in 2011 and consists of four buildings ranging from one to two stories. The hotel houses 187-rooms of which 39 are accessed via interior corridors, and 48 rooms are privately owned condos. Out of the remaining rooms 27 have been fully-renovated with Tommy Bahama-inspired improvements including tiled floors, FF&E improvements and bathroom improvements and 11 rooms are currently being renovated.

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